The Justice Department today is joining interagency partners across the Biden-Harris Administration in highlighting the progress made to ensure that every American who buys a home has the same opportunities to build generational wealth through homeownership. The White House released a roundup of highlights of what the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) accomplished over the last year.

The Department of Justice is an engaged member of the Task Force, working to reduce barriers to homeownership and erode the influence of bias on the entire U.S. economy.

“The Department of Justice celebrates PAVE’s many significant accomplishments over the past year to identify and address illegal discrimination in appraisals,” said Associate Attorney General Vanita Gupta. “For too long, appraisal bias has created yet another obstacle to homeownership and all the benefits homeownership offers, including financial stability and a path to developing intergenerational wealth. The department remains steadfast in its commitment to combat appraisal discrimination and to promote fair and accurate appraisals for all families, regardless of their race or ethnicity.”

One year ago today, the PAVE – led by U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge and White House Domestic Policy Advisor Ambassador Susan Rice – released the PAVE Action Plan, the most wide-ranging set of commitments ever announced to advance equity in the home appraisal process.

More information on the PAVE Task Force’s progress and work can be found in this fact sheet.

Original source can be found here